NGEx Resources (TSE:NGQ) Shares Cross Above 200 Day Moving Average – Time to Sell?

Shares of NGEx Resources Inc (TSE:NGQGet Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$0.00 and traded as high as C$1.11. NGEx Resources shares last traded at C$1.11, with a volume of 54,700 shares traded.

NGEx Resources Trading Up 5.7 %

The company has a market capitalization of C$277.01 million and a P/E ratio of -9.74. The company has a 50-day moving average price of C$1.11. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.03 and a current ratio of 1.10.

About NGEx Resources

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NGEx Resources Inc, together with its subsidiaries, engages in the acquisition, exploration, and development of mineral properties in South America. The company explores for copper, gold, and silver deposits. Its core assets include the 100% owned Josemaria project located in the San Juan province, Argentina; and 63% owned Los Helados project located in the Andes Mountains of the Atacama Region, Chile.

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